Page 13 - P6 Slide Taxation - Lecture Day 3 - VAT Part 3

AGENTS

• Section 54 [KL3]

Scenarios:

1. Agent makes supply on behalf of principal (resident)

2. Supply is made to agent acting on behalf of principal

(resident).

3. Agent imports goods on behalf of principal (resident)

4. Agent imports goods on behalf of principal (non-

resident and non-vendor)

5. Supply is made to agent acting on behalf of principal

(non-resident and non-vendor) and supply relates to:

→ export of goods; or

→ import of goods; or

→ other services / foreign going ship/aircraft

• Refer to separate summary of s 54 attached!